Labor market recovery remains ‘sluggish in tone’: ADP Chief Economist – Yahoo Finance

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Reuters

Banks bulk up in Hong Kong as China business overshadows politics

HONG KONG (Reuters) -Some global banks, funds and other financial services providers say they are stepping up hiring in Hong Kong, in a sign the city’s unique position as a financial gateway to China is outweighing concerns about Beijing’s tightening grip over it. Goldman Sachs Group Inc, Citigroup Inc, UBS AG and other banks are each hiring hundreds of people in the city this year, adding substantially to their existing ranks. Citigroup, for example, has said it is bulking up its staffing by 1,500 people, including additional headcount and replacements in 2021, double the number of people it hired a year ago.

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